J-Z-Lo (J-Z-L) Jewelry had the following transactions in May. Prepare journal entries for these transactions...
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J-Z-Lo (J-Z-L) Jewelry had the following transactions in May. Prepare journal entries for these transactions assuming J-Z-L uses a perpetual inventory system. PROVIDE THE JOURNAL ENTRIES BELOW THE DETAILS FOR EACH DATE (May 2, then May 5, etc.; please indicate date 2/5 then 5/5, etc.). May 2 J-Z-L received an $18,000 invoice from one of its suppliers. Terms were 2/10 n/30, FOB shipping point. J-Z-L paid the freight bill amounting to $2,000. May 5
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